Factors such as affordable internet access and greater financial inclusion have contributed to the widespread popularity of digital payments across the country.
These NRI customers can pay using UPI in India using foreign mobile number. Earlier, in order to create a UPI ID and use any UPI app, an NRI required a working Indian mobile number. This will reduce non-resident Indians (NRIs) the cost of keeping an active Indian mobile number.
RBI and Nepal Rastra Bank ink Terms of Reference to integrate UPI and NPI for cross-border remittances, enhancing financial ties between India and Nepal.
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